Lloyds Banking Share Discussion Threads

[ignoble] 15/4/2020 09:36

Disgraceful....
How can it be justified....

Prime Minister does not earn that

[chavitravi2] 15/4/2020 09:35

Hernando2, agreed. That was Coulders point. 100% loan underwritten to save businesses and a set 1% interest on it so banks can make some on it.
In the long run keeping business afloat and millions in work and kickstarting the economy is worth the risk.

[hernando2] 15/4/2020 09:26

The government is only guaranteeing 80% of the loans, say LLoy lends a billion for example, the bank then has a liability for 200 million.

If 50% default then the bank is on the hook for a hundred million.

Its not the banks it's the scheme.

[chavitravi2] 15/4/2020 09:20

It was saying and I think rightly, that banks caused the last economic crash with their greed and the tax payer helped them out and they may cause this next one with their greed not helping the tax payer in return.
I fear a lot of businesses that survive this will walk away from the worst offenders and the personal accounts of their employees as well.
I must say I'm having second thoughts about investing here.

[careful] 15/4/2020 09:15

A worrying time for the British economy.
The virus lockdown will cause permanent damage and will have to be paid for.
And the possibility of a hard Brexit is scary to anyone who understands.

Globalisation will never be the same after this panic.

[maxk] 15/4/2020 09:15

It's a hard life....



UK’s highest earning council official received pay package of more than £600,000

Ms Hewitt was one of 32 council employees who received remuneration over £250,000, making them more highly paid than the Prime Minister


By
Danielle Sheridan,
POLITICAL CORRESPONDENT
15 April 2020 • 12:19am



Janice Hewitt, formerly of North Lanarkshire council, received a remuneration package of £615,550 when she left



The UK’s highest earning council official received a pay package of more than £600,000, nearly four times what the Prime Minister earns, the latest 'Town Hall Rich List' has found.

Janice Hewitt, formerly the chief officer for health and social care integration at the Labour run North Lanarkshire council, was the highest-remunerated local official in the UK, the latest figures between 2018 and 2019 from the TaxPayers’ Alliance (TPA) has shown.

Ms Hewitt received a total remuneration package of £615,550, which included a salary of £146,033, £350,116 added to her pension pot and compensation for loss of office of £119,401 when she left the role.

When Ms Hewitt was awarded the severance package, having served four years in the role, the trade union Unison described it as a “golden parachute for poor performance”, at a time when the council had issued £16 million cuts to services and increased council tax by 3 per cent in...

[hhhold2] 15/4/2020 09:11

This is going to get ugly. Capitulation coming

[chavitravi2] 15/4/2020 09:10

Sp is diving down. I wonder if it's to do with Pierce Morgan slating the banks this morning, Lloyds in particular. They had John Coulder on and others, they were saying the banks were not lending or only for the most at commercial rates. Morgan fingered Lloyds the worst. Coulder said the Government should underwrite the loans 100% and set a 1% interest rate on loans to save businesses and millions of jobs.
His argument was very compelling.

[smartypants] 15/4/2020 08:46

A week is a long time.....

EU, UK to discuss Brexit transition extension amid COVID-19.

European Union Chief Brexit Negotiator Michael Barnier and his United Kingdom counterpart David Frost are expected to hold a conference call on Wednesday to discuss a potential extension of the Brexit transition period due to the coronavirus pandemic.

The two officials are also set to make arrangements for large-scale trade talks that are set to take place over the internet next week.

Even though Irish Foreign Minister Simon Coveney previously claimed that the EU would give a "generous" response to UK's potential request to delay the post-Brexit transition period, Irish Finance Minister Paschal Donohoe asserted last week that the British government won't seek an extension.

[aljm] 15/4/2020 08:42

the longer they manufacture the death figures, the longer our Economy is going to suffer, it is a disgrace what they are doing, i bet if i went to hospital with a gunshot wound , that would be down to Covid 19, utter disgrace !! my wife went back yesterday as the original reason for her going few weeks ago has reemerged, bear in mind this condition is probably years old for her, they now say that is down to Covid 19 as well, so her 'condition' is now caused by Covid maybe a year ago ? words fail me.....

[mr.elbee] 15/4/2020 08:32

of course they are not up to the job.

[xxxxxy] 15/4/2020 08:29

481Agreed.And if turns out those experts not up to the job. Then they should be sued for damage caused

[ignoble] 15/4/2020 08:04

Thinking it is good nrws
Reported that the Nightingale Hospital in London that was hastily constructed to cater for 4000 people in need of care to the Virus only had 19 people admitted the Easter Weekend...

[nomdeplume] 15/4/2020 08:04

I think there can be little doubt that some people are genetically susceptible to CoVid-19. But in the majority of cases the virus just hastens the inevitable. We are now being given excess deaths on a weekly basis, but I would argue that this is too short a timescale. It will interesting to see the annual excess deaths in a year's time. Only then will we have a true picture.

[smith99] 15/4/2020 08:00

Many people are dying with covid19 and not because of covid19. Government is mopping up as many deaths as possible linked to covid19 to justify the current extreme measures. Many of the deaths are within people who are elderly with severe underlying mediacal conditions. Most of the under 65 have been diabetics or certainly pre diabetics with a high A1C level as thus renders the bodies immune system weakened. In addition to this you are likely to be overweight as a result of the pre diabetes which puts pressure on the lungs.

[xxxxxy] 15/4/2020 06:57

Brexit Watch

[xxxxxy] 15/4/2020 06:54

New patterns of trade
By JOHNREDWOOD | Published: APRIL 15, 2020
Once we start the relaxations of the lock down, new patterns of trade and business are likely to emerge.

There will be more suspicion of reliance on imports, given the disruption to international trade and travel we have experienced. More people are likely to want local food and products, and more businesses will take some travel risk out of their supply chains.

There will be more concerns about Chinese technology and our dependence on a lot of Chinese manufactures, given the history of the virus and the rows over Chinese involvement in 5G programmes.

There will also be a governmental wish to promote overseas trade again after the big decline, with a more balanced range of counterparties. People will remember which companies and countries were most helpful during the period of virus need.

It is good to hear that the EU/UK trade talks will resume this week by teleconference. I trust the government will also pick up the pace again with the USA, Australia, New Zealand and Japan. These are all important partners, with an enthusiasm to improve trade terms mutually once we are out of the EU customs union.

With governments wanting to promote more trade and with more customers concerned about overseas sourcing, the stage is set for better deals to act as inducements. The better deals will come from the friendlier countries, which in turn will be the more reliable trade partners.

[stonedyou] 15/4/2020 06:39

Exposed: Local council fat cat salaries -one person even earns FOUR TIMES more than Boris


FURY erupted last night as it emerged that 2,667 town hall employees across

Britain are being paid salaries of more than £100,000 a year

[maxk] 14/4/2020 23:11

Exactly Min...so why the subterfuge?

[minerve 2] 14/4/2020 23:08

"Are people dying because of corona virus or for other reasons?"

Both.

[maxk] 14/4/2020 23:03

Daft question careful, altho correct.


Why are we not given the figures? That is the real question.

[careful] 14/4/2020 22:58

Problem is that under normal circumstances 11000 to 14000 people die per week.
That is 600,000 p.a. year in year out

Are people dying because of corona virus or for other reasons?

[minerve 2] 14/4/2020 22:51

Coronavirus deaths 50 per cent higher than Government figures suggested, new data shows